Wealth

Elon Musk has revived the controversy over comments he made in July about a British spelunker involved in the Thai cave rescue mission. The Tesla chief executive said in a tweet late Tuesday that it was “strange” that cave diver Vernon Unsworth had not sued him for calling Unsworth a “pedo guy” on Twitter. Tweet

As a bride to be, Mary Thornally was dreading the experience of shopping for a wedding dress and, ultimately, paying an exorbitant price. “My sister and I had planned to go look around at stores, but then the whole thought of it was really daunting to me,” said Thornally, a stay-at-home mom and San Francisco

Odell Beckham Jr. of the New York Giants has signed a five-year contract extension, reportedly for $95 million, making him the highest-paid wide-receiver in NFL history. The deal has an initial value of $90 million, with an additional $5 million available through incentives, with the contract including $65 million guaranteed even covering injuries. According to

Aston Martin, famed carmaker to James Bond and the global rich, is about to announce plans to go public, according to a new report. After months of speculation and rumors about an IPO, privately held Aston Martin will announce Wednesday that it will list shares on the London Stock Exchange before the end of the

A 1962 Ferrari became the most expensive car ever sold at auction, fetching $48.4 million over the weekend. The car, a Ferrari 250 GTO, was sold at RM Sotheby’s on Saturday night as part of the Pebble Beach Concours d’Elegance — a kind of Coachella for classic cars and wealthy collectors that includes five days

Running a small business is full of challenges. One wrong move can not only put your business at risk, it can destroy your entire livelihood. Perhaps the biggest peril of all, experts say, is that small businesses are far more vulnerable than their big, corporate counterparts to fraud. “Large businesses have better controls in place,

Robin Leach, the celebrity journalist who made a career of ogling lavish living on TV’s “Lifestyles of the Rich and Famous,” died early Friday in Las Vegas, where he had been working for the Las Vegas Review Journal. He was 76. His death was reported by the Review-Journal Friday. The Review-Journal quoted a family statement

George Clooney may be taking a hiatus from the big screen, but he’s still cashing in. The 57-year-old ranks as the highest-paid actor of the year, according to Forbes’ 2018 list of top male earners, which was released Wednesday. Clooney took in $239 million in pretax earnings, thanks to a lucrative business venture, endorsements and

Apple‘s impressive market rally this year is about to make CEO Tim Cook $120 million richer. The chief executive stands to earn a total of 560,000 shares on Friday as part of his annual compensation plan, barring a massive crash in the next two days. That’s about $120 million worth of Apple stock, based on

The Securities and Exchange Commission today unveiled new charges against five unregistered brokers in connection with a $1.2 billion Ponzi scheme that came to light late last year. The five individuals and their companies sold more than $243 million in unregistered securities to more than 1,600 individual investors, according to the SEC. The individuals allegedly

Judge Judy Sheindlin, star of “Judge Judy” on CBS and one of the highest-paid stars on daytime TV, reportedly raking in $47 million a year, bought a $9 million mansion in Newport, Rhode Island. Sheindlin grabbed the mansion at a $3.5 million discount: The home, known as the Bird House Estate, named by former owner

Some of the surprises in fall and holiday travel bookings show up in the growth of year-over-year bookings for destinations chosen by U.S. travelers. Big upticks were found in planned trips this fall and holiday season to Turkey (up 310 percent, in data captured largely before recent financial turmoil walloped the country), Egypt (up 264

The best-paid actress of 2018 is Scarlett Johansson. Johansson, 33, tops Forbes‘ list of top female earners with $40.5 million in pretax earnings between June 1, 2017 and June 1, 2018. In that time, she was a bride-to-be (Rough Night), played and a superhero (Avengers: Infinity War, her biggest salary bump) and voiced a dog

The biggest art fraud in modern U.S. history was shockingly simple. Yet it went on for 15 years, duped some of the world’s most sophisticated collectors, brought down a 165-year-old New York gallery, and brought in more than $80 million. It is also a cautionary tale for anyone thinking of dabbling in the art world.

Having arrived at a Singaporean airstrip in garish Ferraris and Lamborghinis, the bridal group head off by private jet to a tropical island. Meanwhile the groomsmen commandeer a fleet of helicopters and fly to a nearby container ship, its deck filled with imported showgirls and transformed into an exclusive nightclub-at-sea. As the evening’s celebrations reach

A special opportunity to do some serious tax-planning awaits many people heading into retirement. This sweet spot is the stretch of time that starts after you’re done with full-time work and before you begin taking required minimum distributions from your 401(k) account or traditional individual retirement account at age 70½. And presumably, you’ll find yourself

With the stock market nearing all-time highs and the S&P 500 up 5.4 percent year-to-date, some retirement savers are feeling pretty good about their nest eggs. And rightfully so: The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 168,000 in the second quarter, up from 119,000

The person holding the winning $245.6 million Powerball ticket is likely discovering that New York isn’t the best place to hit the jackpot. Not only will the ticket holder face state and city lottery taxes that are among the highest in the nation, remaining anonymous might be impossible. While a trust can be created to

We hear it all the time: To get ahead at work, you need to find a mentor. But doing so can be easier said than done. Just who are you supposed to call on and what are you supposed to ask? One person who has relied heavily on mentors to steer her career is 36-year-old

Two years after shutting its doors, the legendary Four Seasons restaurant is set to reopen in a new location in New York City. But while the space is brand new, co-owner Alex Von Bidder believes bold-faced names who frequented the restaurant through the years will still feel at home. “The feeling is the same. The

In the summer of 2013, with his health failing, the billionaire businessman Edgar M. Bronfman was visited at home by his youngest daughter, Clare. She brought with her a production crew that was making a film about a self-help group called Nxivm. Mr. Bronfman, the former chairman of Seagram Company, had long clashed with Clare

If you’re rich, you might want to consider moving to Wyoming or Nevada. Wyoming was the most favorable state in the nation when it came to the total tax burden on high earners, according to a study by SmartAsset, a personal-finance tech company. Nevada ranked second, followed by Tennessee. The study looked at the total

The art market is not always what it seems. Sotheby’s stock price is under pressure — shedding more than 5 percent in trading Monday — after the company’s earnings showed a decline in margins. Much of the margin decline was due to two paintings that appeared to sell for massive prices, but actually lost or

The activist group Prescription Addiction Intervention Now, or PAIN, is organizing protests across the country at museums like the Metropolitan Museum of Art’s Sackler wing in New York City, Washington’s Arthur M. Sackler Gallery and the Harvard Art Museums. These protesters aim to pressure the Sackler family, which amassed a fortune after founding Purdue Pharma

Late in 2014, Nicholas Woodman, the founder and chief executive of GoPro, announced what appeared to be an extraordinary act of generosity. Mr. Woodman, then 39, had just taken his camera company public, and was suddenly worth about $3 billion. Now he was giving away much of that wealth — some $500 million worth of

Concerns are rising about the potential for a nationwide housing market crash, especially on the West Coast. At least for the moment, a new report suggests that market remains as hot as ever. The booming technology sector that attracts scores of well-paid workers have driven up home prices — resulting in stiff competition for people

Saudi Arabia’s best-known investor is back in the market. Prince Alwaleed bin Talal, a longtime investor in international businesses including Citigroup, Twitter, Lyft and the Four Seasons hotel chain, announced a $270 million transaction with the French music-streaming company Deezer on Thursday. The Deezer investment is the prince’s first big international deal since January, when

A group of 11 co-workers in California were the winners of last month’s $543 Mega Millions jackpot, the California Lottery announced Friday. Ranging in age from 21 to 60, the players had each pitched in $2 in a spur-of-the-moment office pool the day before the July 24 drawing. One of the workers, Ronald Reyes, claimed

Prosecutors have been eager to show jurors that President Donald Trump‘s former campaign chairman Paul Manafort lived an opulent lifestyle as part of his ongoing criminal trial on financial fraud charges. But their biggest obstacle so far has not been Manafort’s defense counsel — it’s been the judge. Manafort heads to Virginia federal district court

Home sales have slowed down this year in the Hamptons, the Long Island beach communities that serve as a summer playground for the wealthy of New York, bringing the median price below the $1m mark. Second-quarter sales fell 12.8 percent from 2017 levels, according to data prepared for Douglas Elliman by Miller Samuel Real Estate.